Guaranteed Return! In this Market?? One Very Smart Developers Offer...

In our never ending quest to find exceptional opportunities during this “down” market we came across a great one! Americap Development Partners has a new community called Chanslor Place in Blythe California. Never heard of Blythe? Neither had I. However, this city located on the Colorado River approximately half way between Los Angeles and Phoenix is poised for some serious growth over the next couple of years. Why? It goes back to the basic laws of economics…Supply and Demand and in this city the demand out numbers the supply. Many residents who are qualified to buy need housing and Americap has designed a couple of VERY attractive $$$ investment opportunities. One of which gives you a 10% return on your down payment every year for three years with an option of cashing in on that 10% or taking the appreciation. Where else can you put your money right now with that kind of guaranteed return??? Call me if you want to know more information on Blythe and/or the programs this developer is offering. If other builders were smart…they would follow their lead.

 

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Alyssa Duggan
Real Estate Broker  

Realty World & Cambridge Residential Funding
The Duggan Team
Convenience. Experience. Results.
650.678.5050 cell
925.277.3500 office
925.406.0925 e-fax
www.DugganTeam.com

 

The Budgeting BUZZ!

As you may have heard in the news, SHORT TERM rates are down! This is good news for those of you who have Home Equity Lines of Credit (a.k.a HELOC’s). We are seeing a huge shift in the minds of consumers. They are paying closer attention to their loan terms, interest rates and total interest paid over the life of the loan. Many clients are coming to us wanting to consolidate debt and set a budget to make sure they reach their financial goals. They also want to feel like they are doing something in this uncertain market.

 

We all feel like that right now. When things are good, we spend and don’t give much thought to the repercussions. We simply want to make sure that we can make the monthly payment every month. When things aren’t so good we start looking at the details. Recently, there has been a behavioral shift to want to pay off debt and feel more comfortable. This makes total sense. With home values dropping, we as home owners can no longer depend upon appreciate as the only way to increase our equity. We recently came across a program that saves hundreds of thousands of dollars in interest payments and shortens the loan payoff time dramatically. It does NOT require extra money. You do have to be disciplined and follow the program but if you do the results are AMAZING. For example, here is someone doing the program (they are allowing me to publish their information). Purchased the home for $965,000 in April of 2005 (top of the market). The value is about $850,000 currently if it sold. The loan is an interest only. At the end of the 30 year term, the client will have paid over $1,200,000 in just interest!!! By doing this system, they will cut the loan time down to a little over 12 years and SAVE $569,724.54 in interest without changing any of their current spending habits. If you want more information or an analysis done on your situation, email or call us. You will be blown away.

 

______________________________________________________

Alyssa Duggan
Real Estate Broker  

Realty World & Cambridge Residential Funding
The Duggan Team
Convenience. Experience. Results.
650.678.5050 cell
925.277.3500 office
925.406.0925 e-fax
www.DugganTeam.com

 

December Real Estate Stats

December statistics are now in for the 14 communities in Contra Costa. 169 homes went pending and 212 sold during the month of December. The total dollar volume sold was $186,220,596 with an average sold price of $878,399. The number of active listings for the month was 1,277. The percentage of sold properties is down 36% from 2006. The good news is the average sold price is up 6%!!! Even in one of the quietest months of the year the sold price is up dramatically.

 

There were 5,014 transactions in 2007. This is the lowest number of transactions in 5 years. 70% of the transactions were in detached homes and the other 30% were in town homes/condos. When looking at the last 7 years these numbers are very consistent, almost identical. When you look at December it is consistent with every year for about the last 30 years. November, December and January have the lowest number of pending and sold homes with March, April and May having the highest. So, what does this all mean to you…if you are thinking about selling---WAIT and if you are thinking about buying---BUY!! If you are a BUYER, NOW is the time. The ball is in your court. It won’t always be like this so take advantage of the low price of homes now.

 

Call me for more information by city or to schedule a day to look at homes.

 

______________________________________________________

Alyssa Duggan
Real Estate Broker  

Realty World & Cambridge Residential Funding
The Duggan Team
Convenience. Experience. Results.
650.678.5050 cell
925.277.3500 office
925.406.0925 e-fax
www.DugganTeam.com

 

The New Year is Heating UP!

Market activity has started to heat up this week. Buyer’s are definitely back in the market after the Holiday's and sellers that have their homes for sale are lowering their prices. A member on our team received 6 offers on a bank owned property the other day. If the price is right, people are making a move. For the people who have the cash to buy and/or can get approved for a loan this is a great time to buy.

What do I predict? The number of bank owned properties for sale will increase quarter 1 through quarter 2. The banks will make up the loss they are taking on these homes. They need to lend money. Therefore, we will see more loan programs offered in the market by middle of the this year. Pent up demand will unleash by Q4 to leave the total sales volume for 2008 equivalent to 2007.

Call me today to find out about a new loan program designed to pay off your mortgage and increase your equity! (650) 678-5050. We are doing it on all the properties we own. It is an awesome solution!!